Vise Technologies Inc. boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 46.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,797 shares of the semiconductor company’s stock after buying an additional 3,402 shares during the period. Vise Technologies Inc.’s holdings in Analog Devices were worth $2,928,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of ADI. Nordea Investment Management AB raised its holdings in shares of Analog Devices by 247.3% in the fourth quarter. Nordea Investment Management AB now owns 350,692 shares of the semiconductor company’s stock valued at $95,802,000 after purchasing an additional 249,702 shares during the last quarter. HF Advisory Group LLC raised its holdings in shares of Analog Devices by 661.6% in the fourth quarter. HF Advisory Group LLC now owns 49,693 shares of the semiconductor company’s stock valued at $13,477,000 after purchasing an additional 43,168 shares during the last quarter. Jones Kertz & Associates Inc. acquired a new stake in shares of Analog Devices in the fourth quarter valued at approximately $1,480,000. MGO One Seven LLC raised its holdings in shares of Analog Devices by 17.7% in the fourth quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company’s stock valued at $12,352,000 after purchasing an additional 6,846 shares during the last quarter. Finally, Covenant Asset Management LLC acquired a new stake in shares of Analog Devices in the fourth quarter valued at approximately $2,500,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.
Analog Devices Price Performance
Shares of ADI opened at $401.39 on Friday. The company has a market cap of $195.51 billion, a price-to-earnings ratio of 59.64, a PEG ratio of 1.12 and a beta of 1.18. Analog Devices, Inc. has a 1-year low of $218.37 and a 1-year high of $439.70. The company’s fifty day simple moving average is $382.39 and its 200 day simple moving average is $328.53. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21.
Analog Devices Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, June 2nd. Analog Devices’s payout ratio is presently 65.38%.
Key Stories Impacting Analog Devices
Here are the key news stories impacting Analog Devices this week:
- Positive Sentiment: JPMorgan lifted its price target on Analog Devices to $450 from $400 and reiterated an Overweight rating, signaling continued upside expectations after the company’s strong quarterly results. JPMorgan Raises its Price Target on Analog Devices (ADI)
- Positive Sentiment: Recent coverage continues to point to ADI’s strong earnings momentum and growth in revenue, supporting the stock’s recent strength and investor confidence. Analog Devices (ADI) Is Up 4.23% in One Week: What You Should Know
- Neutral Sentiment: ADI was also mentioned in an article grouping it with drone-technology and AI/aerospace names, which may help keep it on investors’ radar but does not represent a direct company-specific catalyst. Buy 4 Drone Technology Stocks to Enhance Your Portfolio Returns
- Negative Sentiment: A senior vice president sold shares worth about $7.35 million, and the insider-selling trend may weigh on sentiment even though the sale appears to be part of routine trading activity. Analog Devices (NASDAQ:ADI) SVP Sells $7,354,292.00 in Stock
Insiders Place Their Bets
In related news, SVP Martin Cotter sold 17,594 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the transaction, the senior vice president directly owned 56,332 shares in the company, valued at approximately $23,546,776. The trade was a 23.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 30,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the transaction, the chief executive officer owned 137,538 shares in the company, valued at approximately $57,096,149.94. The trade was a 17.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 97,594 shares of company stock worth $38,873,292. 0.36% of the stock is owned by corporate insiders.
Analyst Ratings Changes
ADI has been the topic of a number of recent research reports. Citigroup lifted their price objective on shares of Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Needham & Company LLC lifted their price objective on shares of Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Robert W. Baird lifted their price objective on shares of Analog Devices from $365.00 to $450.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Cantor Fitzgerald lifted their price objective on shares of Analog Devices from $400.00 to $510.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, Argus set a $460.00 price objective on shares of Analog Devices in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $432.71.
Check Out Our Latest Stock Report on Analog Devices
About Analog Devices
Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.
The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.
See Also
- Five stocks we like better than Analog Devices
- Samsara Just Answered The AI Question—Is Wall Street Ready To Listen?
- IREN’s 800MW Bet Flips the AI Power Switch
- CrowdStrike Earnings Beat Sparks Selloff—Buy the Dip?
- Tesla’s EV Rebound Leaves Rivian and Lucid Facing a Tougher Investor Test
Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI – Free Report).
Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.
